11 Bit Studios SA (11B) AI Stock Analysis

• Market Cap: zł377.08M
• Dividend Yield: N/A
• Average Volume (3M): 8.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: 186.70%
• EPS Growth: N/A
• Country: PL
• Employees: 294
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 5.58
• Shares Outstanding: 2,417,199
• 10 Day Avg. Volume: 8,925
• 30 Day Avg. Volume: 8,151
• PEG Ratio: 0.05
• Price to Book (P/B): 1.79
• Price to Sales (P/S): 2.93
• P/FCF Ratio: 275.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: zł193.00 ▲(23.72% Upside)

The overall stock score of 63 reflects strong financial performance with robust revenue growth and a solid balance sheet. However, technical indicators suggest a bearish trend, and cash flow challenges persist. The valuation is moderate, but the lack of a dividend yield may deter some investors.

11 Bit Studios SA Business Overview & Revenue Model

Company Description

11 bit studios S.A. develops and sells cross-platform video games worldwide. It sells its video games through specialized online platforms. 11 bit studios S.A. was incorporated in 2009 and is headquartered in Warsaw, Poland.

How the Company Makes Money

11 Bit Studios generates revenue through the sale of its video games across multiple platforms, including PC, consoles, and mobile devices. The company employs a direct sales model through digital distribution platforms like Steam, PlayStation Network, and Xbox Live, allowing it to reach a global audience. Additionally, 11 Bit Studios benefits from post-launch sales through downloadable content (DLC) and expansions that enhance existing titles. The company may also enter into partnerships with other publishers for broader distribution and marketing, which can lead to additional revenue streams. Moreover, successful titles often attract attention from media and influencers, contributing to increased sales through word-of-mouth and visibility in the gaming community.

11 Bit Studios SA Financial Statement Overview

Summary

11 Bit Studios SA shows strong revenue growth and efficient cost management with a high gross profit margin. The balance sheet is solid with low leverage, indicating financial stability. However, cash flow challenges persist, with negative free cash flow growth and low cash conversion ratios, which need improvement.

Income Statement

11 Bit Studios SA has shown a strong revenue growth rate of 17.03% in the TTM, indicating a positive trajectory in sales. The gross profit margin is robust at 82.62%, reflecting efficient cost management. However, the net profit margin is relatively low at 9.50%, suggesting room for improvement in profitability. The EBIT and EBITDA margins have improved compared to the previous year, indicating better operational efficiency.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.022, which indicates a conservative leverage strategy and financial stability. The return on equity is moderate at 6.55%, showing decent profitability relative to shareholder equity. The equity ratio is strong, suggesting a solid capital structure with a high proportion of equity financing.

Cash Flow

The cash flow statement reveals challenges, with a negative free cash flow growth rate of -100.01% in the TTM, indicating cash flow issues. The operating cash flow to net income ratio is negative, reflecting insufficient cash generation from operations relative to net income. The free cash flow to net income ratio is very low, suggesting limited cash available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	167.03M	140.55M	52.27M	74.21M	70.12M	87.10M
Gross Profit	138.00M	69.96M	42.40M	73.56M	69.59M	86.75M
EBITDA	46.26M	20.32M	4.50M	33.60M	40.88M	42.62M
Net Income	15.86M	6.90M	525.61K	22.89M	28.69M	37.36M
Balance Sheet
Total Assets	265.61M	263.57M	258.33M	244.20M	219.51M	186.34M
Cash, Cash Equivalents and Short-Term Investments	51.95M	70.52M	53.84M	85.98M	107.22M	94.07M
Total Debt	5.17M	5.80M	7.17M	8.43M	9.59M	11.20M
Total Liabilities	27.64M	33.65M	31.26M	19.65M	22.18M	21.69M
Stockholders Equity	237.96M	229.92M	227.07M	224.54M	197.34M	164.65M
Cash Flow
Free Cash Flow	-1.73K	1.49M	-36.91M	-12.75M	12.06M	7.91M
Operating Cash Flow	-9.60M	10.12M	21.90M	32.93M	40.94M	37.66M
Investing Cash Flow	18.85M	21.40M	-16.21M	-28.84M	-37.40M	-34.42M
Financing Cash Flow	-1.65M	-1.79M	2.33M	-252.63K	-927.52K	6.01M

11 Bit Studios SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 156.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:11B, the sentiment is Negative. The current price of 156 is below the 20-day moving average (MA) of 162.20, below the 50-day MA of 175.64, and below the 200-day MA of 194.84, indicating a bearish trend. The MACD of -3.87 indicates Negative momentum. The RSI at 32.77 is Neutral, neither overbought nor oversold. The STOCH value of 23.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL:11B.

11 Bit Studios SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEN	76 Outperform	zł575.23M	7.21	36.49%	17.34%	-10.29%	28.76%
11B	63 Neutral	zł377.08M	-20.19	-6.95%	―	186.70%	―
BLO	63 Neutral	€494.21M	30.79	35.96%	―	―	―
CRJ	63 Neutral	€295.13M	16.31	16.12%	2.77%	-6.86%	55.35%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CIG	51 Neutral	€547.67M	4,100.00	-4.82%	―	-77.36%	-99.33%